In a significant development, the interim government has approved the finalisation of four deals with the country’s largest privately-managed power firm

K-Electric KE, ending years-old disputes over power purchase payments and the supply of electricity. This decision will open new economic prospects for the country while sending a positive signal to foreign investors. Moreover, these agreements are expected to improve relations between the entity and federal government authorities, ensuring better services to Karachi and parts of Balochistan. These agreements had been finalised about three years ago, and a couple of committees had also reviewed them. But no government could muster the courage in the past to approve these deals. The approval and signing of these agreements would also address the concerns of the Saudi Arabian investors who had acquired stakes 18 years ago. The Mediation Agreement would pave the way for the resolution of the dispute over late payment surcharges on delayed payments on account of power purchases by KE to the government.

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